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BOND FUND STATUS
1973 Street Improvc_ m_ e_ nt Projects
$6,000,000
'total Authorized Sale 1 800,000
Bonds Sold 7-74
Committed Projects $391,000
McKinney Street 648,000
Bell Avenue 281,000
Assessment Pavement
Carroll Blvd. Right-of-Way 280,000
Drainage Study
TOTAL $1,800,000
Authorized Funds $4,200,000
Remaining
Committed Projects $ 332,000
Assessment Paving 420,000
Carroll Blvd. (Const.) 2,250,000
Sherman Drive 250,000
Signal Revisions 286,000
Avenue E 262,000
Bonnie Bras Street 400,000
Construction :ontingency
TOTAL, $41200,000
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OFFICIAL BID FORM
Honorabit Mayor and City Council T I G April 6, 1976
City of Denton
Denton, Texas
Gentlemen:
Reference is made to your Official Notice of Sale and Official Statement, dated March 23,
1976, of 52,500,000 CITY OF DENTON, TEXAS GENERAL OBLIGATION BONDS, SERIES 1976, both of
which constitute a part hereof, For your legally issued bonds, being issued for the 1m-
provement of the streets and park facilities of said City, as described in said Notice, we
will pay you par and accrued interest from April 15, 1976, to date of delivery to us, plus
a cash premium of for bonds maturing and bearing interest as follows:
Interest Interest
Amount Maturlt Rate Amount Maturit Rate
MTOW
%
125,000 7.15-79 6.50 % 125,000 7.15-89 08-1
` 125,000 7-15-8 o % 125,000 7-15-910 % % 125,000 7-15-81 1 $u-
125,000 7-15-82 150,000 7.15-92• %
125,000 7-15-83 ' % 150,000 7.15-93• X
125,000 7-15-64 .~Uy% 150,000 7-15-94• %
125,000 7-15-85 % 150,000 7-15.95• 1
125,000 7-15-86 % 150,x10 7-15-96• %
125,000 7-15-87 iel U-%
• The City reserves the right to redeem bonds maturing 7-15-92 through 7-15-96, inclusive,
in whole or any part thereof, on 7-15.91, or any interest payment date thereafter, at par and
accrued Interest,
Our calculation of the net interest cost and effective interest rate, which is informative
only and not a part of the above bid, is as follows:
Gross Interest Cost 1 1,465,,193.75
,
Less Premium 'C-
NET INTEREST COST $ 1,485,193.75
EFFECTIVE INTEREST PATE 3.1213 %
` Cashiers Check of the City National Bank, Austin Texas ,
n t a amount of $50,000,00, Fiic r-n eoresents our Good Filth Deposit se~aitac <d fa or
(has been made available to you prior to the opening of this bid), and is submitted in actor-
dance with the terms as set forth in the Official Notice of Sale and Official Statement. Upon
x delivery of the bonds, said check shall be (deducted from the purchase price) or (19t1'1~lrr~A,fJ
We agree to accept delivery of and make payment for the bands at b~ W
Bank, Austin, Texas, on May 114 1976, or thereafter on the date t a n s are en ered or
delivery, pursuant to the teas set forth in the Official Notice of Sale.
Respectfully submitted,
Rej>ublic National Bank of Dallas-tfanager
Fort Worth National Bank
Kenneth t: injgren;rVfce' resident
j ACCEPTANCE CLAUSE
{ Tha above and foregoing bid is hereby in all things accepted by the City of Denton, Texas,
this the 6th day of April, 1976.
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ATTEST:
~0 ~ ayor, t as
xily Secretary, ty o ntofGe n-; eZ' Fos "
1 •aa,••
Return of Good Faith Deposit is hereby acknowledged:
By
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RV: Jack Owen
FROM: Bill Bryant
SUBJECTt Bond Fund Status
DATE: December 5, 1975
Electrio Bond Fund f+I
Cash on Hand 131,379.65 1
Invested in Open Time Deposits 1,202,201.45
Contracts and Encumbrances
Balance (10091,580.22)
242,000.88
Bonds Authorized G Unissued
Voted 1967 Authorized Sold Unsold
Electric Revenue 15,0000000 12,000,000 3,000,000
Water Bond Fund
Cash on Hand _ _ _ .
Invested in Open Time Deposits 56,313.66
Contract For Raw Water Line ( 18,000.00
Encumbrances (8,430.01)
-------__-----(1,322.03)
- -Balance • 146,561.62
Sewer Bond Fund _ + ~ •
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Cash on Hand 28,904.61
invested in Open Time Deposits
t Encumbrances 278,028.58
Balance (92,459.79)
. 214,473.40
` Bonds Authorized 6 Unissued
Voted 1972 Authorized Sold Unsold
Waters Sewer Revenue 11,0000000 3,500,000.` _ 7,500,000
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FIRST C30MI'ANY
1N1%1ItRTF-WNT 11ANKF-1"4
MERCANTILE RANK BUILOINO
DALE A!i. TBXA% 78201
April 28, 1976 ,2IA, 742.eAel
,:A F NT
MUNICIPAL OFPA
Ms. Kitty Allard
Administrative officer
Republic National Bank of Dallas
P. 0. Box 5961
Dallas, Texas 75222
BONDS, GENERAL OBLIGATION
RE: $2,500,000 CITY OF
Dear Ms. Allard:
This will confirm our telephone conversationforddeliveryntowyour
we advised that subject bonds will be ready 11, 1916.
Austin, on May
i account at City National Bank,
Our calculation of payment figures is as follows:
$20500,000.00
Principal amount 9 524.31
h Accrued interest `
0.00
5 0,00
Less Good Faith Deposit
$2,459,524.31
NET AMOUNT DUE
if our figures do not agree with yours, please let us know immed-
orth in the Notice, is to be made in
ayment, as set f
iately. P
immediately available funds to the City.
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FN IIST SaaUWW1 (A),"WANY
Pagt Two
Pursuant to the terms set forth in the Official Notice of Sale,
we are enclosing for your files a copy of the Official Notice
of Sale and Official Statement which has been manually approved
by the Mayor and City Secretary of the City of Denton.
i
Thanks very much for your cooperation in this delivery.
Very truly yours,
r Ruby/Rushing J
cc: Mr. Jim W. White
City Manager, City of Denton
Mr. Richard C. Porter
McCall, Parkhurst and Horton
Ms. Jan Jordan
City National Bank, Austin
Mr, Frank J. Medanich
First Southwest Comprny
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